The Digital Transformation of Auditing and the Evolution of the Internal Audit

Cover
Half Title
Series Page
Title Page
Copyright Page
Table of Contents
List of figures
List of tables
List of exhibits
List of appendices
Introduction
1 A historical perspective of internal audit: the impact of digital transformation
Introduction
The emergence and development of the audit function
The origin of auditing… and of auditors
What is internal auditing and their main related missions?
Relationship between internal audit and internal control
Digital transformation: main insights
From digitization to digital transformation
The main layers of digital transformation
The impact of digital transformation on internal auditing: what is at stake?
Current trends in the audit industry
The evolution of internal audit function in large companies in the context of digital transformation
The development of IT audit
The broader scope of internal audit
IT ( internal) audit versus audit IT
The development of the IT audit universe
The ever-rising importance of internal auditing and IT audits in the literature
Research on internal auditing
The identification of specific factors for IT audit
Conclusion
Questions for discussion
2 Aligning internal audit with the organization’s strategy
Introduction
Strategic planning and internal audit
Back to basics
Links between strategic planning and internal audit
A renewed debate on strategic planning
Strategic planning, BSC, and internal audit
The initial BSC concept
Linkages between the IT BSC and alignment
The BSC perspectives for internal auditing?
From strategic planning to strategic alignment
Strategic IT/ IS alignment: definitions
Alignment theoretical frameworks
Internal audit and strategic IT/IS alignment. What lessons for practitioners?
Challenges in achieving alignment in practice
Internal audit and alignment: a complex assignment?
Conclusion
Questions for discussion
3 IT governance, risks, and compliance
Introduction
Corporate governance: a historic debate
An old theoretical debate
Corporate governance and competitive advantage
Various corporate governance practices
Linking corporate governance to IT governance
Main insights of IT governance (ITG) in the literature review
IT governance: definitions
ITG and main theoretical-related issues
Perspectives for future research
ITG frameworks and professional practices
ITG at a glance
Various international and national ITG frameworks
Risks management and compliance
Toward a life cycle of ITG and/ or a virtuous circle?
ITG and risks management: the evolution of the COBIT framework
The development of compliance requirements
Conclusion
Questions for discussion
4 The evolution of auditing methodologies
Introduction
The “ traditional” IT audit approaches
The multiple- level methodology
The breakdown according to the scope of auditing mission
Digital maturity model in internal audit
The impact of the digital transformation: the emergence of digital maturity model ( DMM)
DMM and internal audit: toward continuous auditing methodology
The evolution of IT audit methodologies driven by digital technology
The risk-based methodology: several approaches
IT governance audit methodology
Toward the development of agile internal and IT audit
What is agility?
Agility and internal & IT audit
Conclusion
Questions for discussion
5 The evolution of IT/IS audit activities in the digital era: the impact of technology-enabled internal audit
Introduction
Technology adoption models in auditing
The key role of information system
The emergence and development of technology adoption models
Auditing activities in an increasingly IT environment
Beyond traditional audit techniques: auditing with new technologies
Adding value with technology
Toward data-driven internal audits
The strategic move to automation: the development of RPA
RPA: a bridge between legacy and modern cloud applications
The use of RPA in auditing: the end of the swivel chair work?
The impact of blockchain technology (BT) on auditing
Auditing of new (or emerging) technologies
Auditing algorithmic decision-making and artificial intelligence (AI) solutions
RPA: auditing a bot environment
Auditing blockchain technology (and its applications)
Toward augmented auditors: the emergence of auditors 4.0
Conclusion
Questions for discussion
6 The impact of the COVID-19 crisis on internal audit function and related activities
Introduction
The multidimensional impact of crisis
An analytical framework for crisis analysis
The identification of country and sector risks
“Country Risk” indicates the average risk presented
Prospective and strategic foresight
Post-COVID lessons: an historical event with unknown consequences
How to foresight and forecast crisis?
The impact of the pandemic crisis
The world thereafter… and the new normal
The evolution of the risk landscape for auditors
The Big Four accounting firms’ and other technology-IT services companies’ vision
The impact of the COVID-19 pandemic: what are the future trends of internal auditing?
The use of technology to conduct audits
Employing innovative means of gathering and analyzing evidence
Greater reliance on technology for basic communication
A continuous approach to assessing risks
The hybrid workplace mode
Conclusion
Questions for discussion
Index